Eschborn

EQS-News: Noratis AG successfully completes capital increase

Retrieved on: 
Saturday, December 30, 2023
EUR, Frankfurt Stock Exchange, Real estate, WKN, Eschborn

Eschborn, December 7, 2023: Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK), a leading portfolio developer of residential real estate in Germany, has successfully completed its EUR 8 million capital increase.

Key Points: 
  • Eschborn, December 7, 2023: Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK), a leading portfolio developer of residential real estate in Germany, has successfully completed its EUR 8 million capital increase.
  • Merz Real Estate GmbH & Co. KG ("Merz"), the main shareholder of Noratis AG, acquired all unsubscribed shares and fully utilized its own subscription rights.
  • Following the capital increase, the Company's share capital amounts to EUR 6,745,237.00, divided into the same number of shares.
  • As part of the capital measure, Merz acquired 734,566 new shares under the backstop and fixed subscription agreement, thereby increasing its stake in Noratis AG to 59.9 %.

EQS-News: Noratis AG: 2023 first-half earnings in line with expectations

Retrieved on: 
Friday, September 29, 2023
CFO, Eschborn, Tax, EUR, EBT, EBIT, Bank

Earnings before interest and taxes, EBIT, at EUR 2.6 million

Key Points: 
  • Earnings before interest and taxes, EBIT, at EUR 2.6 million
    Eschborn, September 29, 2023.
  • Noratis AG, a leading portfolio developer of residential real estate in Germany, closed the first half of 2023 in line with expectations.
  • Noratis AG continues to expect negative earnings before taxes for the year as a whole, as forecast, with the unplanned, non-cash write-downs additionally impacting earnings.
  • Noratis AG does not plan to reclassify any properties from current assets to non-current assets in fiscal 2023.

EQS-News: TTL Beteiligungs- und Grundbesitz-AG: TTL publishes 2023 half-year results

Retrieved on: 
Friday, August 11, 2023
Eschborn, VIB, Tax, Public, TTL, Sale, FFO, Investment, ISIN, DIC, Real estate, Lithium, EUR

TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) today published its results for the first half of 2023.

Key Points: 
  • TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) today published its results for the first half of 2023.
  • Its earnings for the first half of 2023 were therefore lower than planned at the beginning of the year.
  • At the level of TTL Real Estate GmbH, the development of DIC Asset AG ("DIC Asset") is of particular importance.
  • Overall, however, the results of DIC Asset, in which TTL holds a stake via its subsidiary TTL Real Estate GmbH, were particularly impacted by the ongoing restraint on the transaction market.

EQS-News: Montano Real Estate GmbH with solid first half-year 2023

Retrieved on: 
Thursday, July 27, 2023
Eschborn, Public sector, Rossmann, Investment, Public, Sale, Pulse, Volkswagen, Matthew Denn, Montano, ESG, Financial services, Renewable energy

Transaction volume reaches 212 million euros, further acquisitions in the logistics real estate sector

Key Points: 
  • Transaction volume reaches 212 million euros, further acquisitions in the logistics real estate sector
    Munich, 27 July 2023 - Montano Real Estate GmbH ("Montano", www.montano.eu), a highly specialised partner for investments in commercial real estate, has closed the first half of 2023 with purchase agreements totalling 212 million euros.
  • Montano completed transactions in all asset classes focused on by the company in the first half of 2023.
  • It is questionable whether the state can provide sufficient funds for financing," says Montano co-founder and Managing Partner Ramin Rabeian.
  • In the second half of 2023, Montano is planning further purchases for the Montano Public Sector Fund, as well as the expansion of existing individual mandates.

EQS-News: Noratis AG: Noratis AG annual general meeting passes all agenda items with a large majority

Retrieved on: 
Wednesday, July 19, 2023
Annual, Eschborn, EUR, Supervisory board, Environment, Annual general meeting, Real estate

Eschborn, July 19, 2023 - At the Annual General Meeting of Noratis AG, a leading developer of residential real estate in Germany, all items on the agenda were approved by a large majority.

Key Points: 
  • Eschborn, July 19, 2023 - At the Annual General Meeting of Noratis AG, a leading developer of residential real estate in Germany, all items on the agenda were approved by a large majority.
  • All agenda items were passed with at least 97.48 percent of the votes represented at the Annual General Meeting.
  • In view of the significant deterioration in the environment over the course of the year, we are satisfied with this performance and are pleased that the Annual General Meeting supported Noratis AG's chosen path as a portfolio developer by a large majority.
  • Now it is important that we position ourselves to take advantage of later buying opportunities.”
    The voting results of the Annual General Meeting can be found at www.noratis.de in the Investor Relations section.

EQS-News: Montano Real Estate GmbH: Investcorp and Montano Real Estate sell remaining two properties of Eschborn's KÖ Campus for €70 million

Retrieved on: 
Wednesday, July 12, 2023
Lighting, Eschborn, Asset management, JLL, Sale, LED, Germany, Investment, Montano, CO2, ESG, Glass, Environment, Investcorp, Cryptocurrency

This makes the transaction the largest on the Frankfurt investment market so far this year.

Key Points: 
  • This makes the transaction the largest on the Frankfurt investment market so far this year.
  • After the KÖ3 building was already sold to Conren Land in August 2022, the KÖ Campus is now completely sold.
  • The KÖ Campus was built in 1991 and extensively refurbished and modernised in 2018.
  • By the end of 2022, Montano was able to attract eight new office tenants to the KÖ Campus and completely eliminate the office vacancy.

EQS-News: Noratis AG: Noratis AG with change in the Supervisory Board

Retrieved on: 
Wednesday, June 28, 2023
Annual, Eschborn, Supervisory board, Annual general meeting, Property management

Noratis AG, a leading developer of residential real estate in Germany, announces that Dr Florian Stetter has resigned from the Company's Supervisory Board with effect from the end of the annual general meeting to be held on 19 July 2023.

Key Points: 
  • Noratis AG, a leading developer of residential real estate in Germany, announces that Dr Florian Stetter has resigned from the Company's Supervisory Board with effect from the end of the annual general meeting to be held on 19 July 2023.
  • Therefore, the election of a new Supervisory Board member is necessary at the upcoming Annual General Meeting.
  • "We would like to thank Dr Florian Stetter for his valuable work and contribution as a member of the Noratis AG Supervisory Board.
  • The term of office of the departing Supervisory Board member will run until the end of the Annual General Meeting which resolves on the discharge of the Supervisory Board members for the financial year 2023.

EQS-News: Noratis AG: Noratis AG confirms preliminary figures 2022 and holds webcast on results

Retrieved on: 
Thursday, June 1, 2023
Eschborn, Annual, Tax, NAV, EBT, EBIT, EUR, Annual report, Webcast, CFO, Lithium, Cryptocurrency

Net profit EUR 8.3 million, EBT EUR 12.0 million, EBIT EUR 12.5 million

Key Points: 
  • Net profit EUR 8.3 million, EBT EUR 12.0 million, EBIT EUR 12.5 million
    Eschborn, May 31, 2023 - Noratis AG, a leading developer of residential real estate in Germany, confirms its preliminary figures for 2022.
  • These figures reflect the fact that, contrary to original planning, Noratis AG did not transfer any properties from current assets to non-current assets in fiscal 2022 due to the market situation.
  • Compared with the carrying amounts, this resulted in hidden reserves of around EUR 71 million at the end of 2022.
  • Noratis AG had a total real estate portfolio of 4,548 units at the end of 2022, compared with 4,212 units at the end of 2021.

EQS-News: Noratis AG: At EUR 8.3 million, preliminary consolidated net income for 2022 only slightly below prior year (EUR 9.5 million) despite difficult market conditions

Retrieved on: 
Tuesday, April 18, 2023
Projection, Eschborn, Tax, EBT, Environment, EBIT, Security (finance), Cryptocurrency, Bank

Noratis AG, a leading developer of residential properties in Germany, closed out the 2022 financial year with a consolidated net income of EUR 8.3 million based on preliminary IFRS figures.

Key Points: 
  • Noratis AG, a leading developer of residential properties in Germany, closed out the 2022 financial year with a consolidated net income of EUR 8.3 million based on preliminary IFRS figures.
  • Despite challenging market conditions, these earnings are only slightly lower than the previous year's value of EUR 9.5 million.
  • Noratis AG purchased a total of 615 units in 2022, down from 1,145 units in the previous year.
  • Affordable housing remains in very high demand, so we are benefiting from our focus on portfolio development despite the currently challenging market conditions.

EQS-News: Noratis AG: Noratis sells property portfolio in Celle

Retrieved on: 
Monday, February 13, 2023
Housing, Sale, Frankfurt Stock Exchange, Eschborn, Business transaction management, ISIN, WKN, City, Real estate

Noratis AG, a developer of residential properties in Germany, has sold 129 residential units with a living area of around 9,000 m² in Celle.

Key Points: 
  • Noratis AG, a developer of residential properties in Germany, has sold 129 residential units with a living area of around 9,000 m² in Celle.
  • The buyer is an institutional investor from the Rhine-Main region and a long-standing business partner of Noratis AG.
  • The sale of technically and commercially well managed properties is part of Noratis AG’s business model as a property developer.
  • Noratis AG ( www.noratis.de ) (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) is a leading portfolio developer of residential properties in Germany.